As Rig Count Dwindles, a Modest Bounce for Oil Services ETFs
December 30, 2014 at 09:00 AM EST
Oil services exchange traded funds, which typically sport intimate correlations to oil prices, have been among the most savagely beaten equity-based ETFs during oil’s decline. Over the past month, the Market Vectors Oil Service ETF (NYSEArca: OIH) has steadied a bit, falling just 2.3%. “Just” 2.3%...